RE:RE:nor by chanceMy best guess is Aura wanted more shares before the PEA and it was the only way to get them (the news mentioned some laws/clauses in shareholder rights that they had to do it this way). Afterall, they are the ones buying almost all of this debenture offering.
Another possibility is they need to secure more working capital because they plan on delaying the PEA till the gold market recovers more.